PennantPark Floating Rate Capital Balance Sheet Health
Financial Health criteria checks 1/6
PennantPark Floating Rate Capital has a total shareholder equity of $877.3M and total debt of $1.2B, which brings its debt-to-equity ratio to 134.2%. Its total assets and total liabilities are $2.1B and $1.2B respectively. PennantPark Floating Rate Capital's EBIT is $146.7M making its interest coverage ratio 2.5. It has cash and short-term investments of $112.1M.
Key information
134.2%
Debt to equity ratio
US$1.18b
Debt
| Interest coverage ratio | 2.5x |
| Cash | US$112.05m |
| Equity | US$877.29m |
| Total liabilities | US$1.23b |
| Total assets | US$2.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 22P's short term assets ($125.3M) exceed its short term liabilities ($52.8M).
Long Term Liabilities: 22P's short term assets ($125.3M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: 22P's net debt to equity ratio (121.4%) is considered high.
Reducing Debt: 22P's debt to equity ratio has increased from 124% to 134.2% over the past 5 years.
Debt Coverage: 22P's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 22P's interest payments on its debt are not well covered by EBIT (2.5x coverage).